KAR 2.22% $1.38 karoon energy ltd

synopsis of KAR/COP results from report. I like that it includes...

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    synopsis of KAR/COP results from report. I like that it includes a reference of 7.6 TCF interesting

    "In 2009–2010, joint venture partners ConocoPhillips (Browse Basin) Pty Ltd and Karoon Gas Australia Ltd embarked
    on a multi-well drilling program in permits WA-314-P, WA-315-P and WA-398-P to the northeast of the Torosa field.

    Poseidon 1 intersected three gross gas-bearing sand packages of 10 m, 67 m and 140 m thickness in Plover Formation sandstones, and Poseidon 2 intersected the same three Plover Formation sand packages, as well as a 20 m gross gas zone in the overlying Montara Formation (Karoon Gas Australia Ltd, 2010a); the field is reported to contain a net value of 7.6 Tcf (215 Bcm) wet gas (Karoon Gas Australia Ltd, 2010a).

    Kronos 1 also discovered gas in the Plover Formation, which flowed at an equipment-constrained 26 MMscf/d (0.7 MMcm/d; Karoon Gas Australia Ltd, 2010b). Pressure data confirmed the Kronos area is a separate gas accumulation, with a gas-water contact potentially over 200 m deeper than that discovered by Poseidon 1 (Karoon Gas Australia Ltd, 2010b).

    Kontiki 1 was unsuccessful, but intersected some gas
    saturation in poor reservoir quality sands (Karoon Gas Australia Ltd, 2009)."

 
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